Is Saia, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Saia, Inc. has moved from very expensive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 21, an EV to EBITDA of 10.21, and a Price to Book Value of 2.85. In comparison to peers, J.B. Hunt Transport Services, Inc. has a significantly higher P/E of 40.85, while Knight-Swift Transportation Holdings, Inc. is valued fairly with a P/E of 45.62.
Despite the fair valuation, Saia, Inc. has underperformed against the S&P 500, with a year-to-date return of -32.71% compared to the index's 13.30%. Over the longer term, however, the company has shown a 5-year return of 111.99%, which exceeds the S&P 500's 91.29%.